Scooters Market Size, Share, Forecast Report, 2020-2027

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The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Scooters Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Scooters market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

The global scooters market size was valued at USD 32.5 billion in 2019 and is projected to expand at a compound annual growth rate (CAGR) of 0.1% from 2020 to 2030. The rising purchasing power of the middle-class population in developing countries and swift urbanization is expected to significant increase in demand. Besides, land and space-constrained cities with inadequate road infrastructure and high vehicular traffic are also some of the factors driving the adoption of this vehicle as an urban mode of personal mobility.

Benefits such as inexpensive last-mile transportation as against the on-demand transportation, ease of maneuver, the agility in crowed roads, and ability to save a significant amount of time spent in traffic jams are the additional factors expected to fuel the market growth. However, the increasing preference for clean energy transportation and government subsidies to reduce the overall purchasing price of electric scooters is anticipated to show a significant drop in normal scooters from 2025 onwards.



The two-wheeler industry is anticipated to witness another year of demand shrinkage with unit sales to be estimated to decline owing to the Covid-19 outbreak's impact on the economic growth and discretionary spending. The current situation is predominantly challenging for the manufacturers and dealers. The ongoing pandemic has rigorously disrupted manufacturing operations, supply chains, and the development of new scooter models. This disruption is increasingly affecting all European markets, creating unsettling uncertainties for the two-wheeler industry. However, in the post pandemic scenario, the demand for low-cost electric two-wheelers is expected to gain upsurge as daily commuters will prefer avoiding public transport. The two-wheeler segment is expected to play a crucial role in uplifting the automobile sector post lockdown by offering affordable personal mobility options.



The first generation of the scooter was introduced in early 1915, which experienced a significant transformation over the decade resulting in current Internal Combustion Engine (ICE)-based scooters. The normal scooter (ICE scooter) is established as a widely accepted and preferred scooter across the world. Post globalization, the demand for normal scooters witnessed a surge across all the developing countries. With innovation in the automotive industry and economic development, four-wheeler demand increased among the affluent and wealthy customers. The market was soon divided by types of road vehicles including bicycles, kick scooters, motor scooters, motorcycles, and cars. Moreover, customers with moderate purchasing power prefer scooters and motorcycles over four-wheelers. Also, the urban population reciprocated positively towards owning a two-wheeler during the early adoption phase.



Furthermore, the distinct design and style of electric scooters have played a major role in increasing its hype in the market. The aspects considered in deigns of a scooter include shape, weight, color, and comfort. The color is often used to indicate the style of the customer or target a specific gender. During the initial launch of the first series of normal scooters, the common perception prevailed that it is for females only. However, the ease of driving and affordability played a crucial role in increasing its popularity and making it a gender-neutral vehicle.



The scooters market players have adopted the same designing principle by launching vehicles for both B2B and B2C customers. The delivery scooter has a basket attached to the rear of the scooter for storage. These vehicles have huge potential in the market, as it will help in reducing travel expenses. The regions including North America, Europe, Asia Pacific, Latin America, and Middle East and Africa, are witnessing steep growth in the online delivery market, which will further boost B2B scooter sales.

The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Scooters market are included as given below:

Honda Motor Co., Ltd.



Yamaha Motor Co., Ltd.



Hero MotoCorp Ltd.



SUZUKI MOTOR CORPORATION



JIANGSU XINRI E-VEHICLE CO., LTD.



Yadea Technology Group Co., Ltd.



Gogoro Inc.



Niu International

The global Scooters market has been segmented as below:

� Product Outlook (Revenue, USD Billion, 2016 - 2030)

� Normal

� Electric

� Electric Scooter Type Outlook (Revenue, USD Billion, 2016 - 2030)

� Conventional

� Swappable

� Regional Outlook (Revenue, USD Billion, 2016 - 2030)

� North America

o U.S.

o Canada

� Europe

o Germany

o U.K.

o France

o Belgium

o Netherlands

o Austria

o Italy

o Spain

o Portugal

� Asia Pacific

o China

o India

o Japan

o Australia

o Thailand

o Vietnam

o Philippines

o Indonesia

o Singapore

o Malaysia

� Latin America

o Brazil

o Mexico

� Middle East & Africa

Reasons to Purchase this Report:

Estimates Scooters development trends with SWOT analysis

� Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players

� Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market's expansion

� Market dynamics scenario, along with growth opportunities for players in the years to come

� Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period

� Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects